Felton, who will turn 30 next month, is set to earn $4.36 million for the 2014-15 season and holds a player option for $4.54 million in 2015-16. Not to mention, he is coming off his worst season as a pro.

Felton averaged a career-low 9.7 points per game, more than 4.0 points per game fewer than last season in New York. He also averaged a career-low 3.7 field goals per game, and shot 39.5 percent from the floor, his lowest mark since his sophomore season in Charlotte.

One NBA executive told Zagoria in February that Felton — at the time — was the worst starting point guard in the NBA.

“Felton is the worst starting point guard in the NBA. I’d take 10 college point guards and about 30 NBA backups over him right now.”

Off the court, Felton was arraigned on two charges on possession of felony weapons and was released on $25,000 bail. That, in addition to his struggles on the court, likely further lessened his chances of remaining with the Knicks.

Aside from the Felton, the Knicks only have point guard Pablo Prigioni under contract for next season, meaning the team will have to find more depth at the position for the 2014-15 season. There is a chance the Knicks will draft a point guard, but don’t have a first-round pick in next month’s NBA Draft.